Conversation with a failed trader
Today I met a chap who is a failed trader. This was a rare opportunity. I had known him for about 3 months just fromRead MoreLearn More
The loser’s game
The news has been out from August 2018 that the European Securities and Management Agency (ESMA) has compelled all brokers (subject to its jurisdiction) toRead MoreLearn More
Bitcoin: Investor, trader, gambler or idiot?
In the last few months we’ve received inquiries from several about Bitcoin and various similar things, often referred to as cryptocurrencies. In essence many ofRead MoreLearn More
Microtrends and risk aversion
Many a trader will have looked at the same chart (say AUDUSD) at different times (let’s say 4 hours apart), and had doubts or anRead MoreLearn More
So did you get it right?
Did you get it right? This is an important question for new and seasoned traders to think about – but there is a problem withRead MoreLearn More
New traders conned
This morning I receive yet another email from somebody selling a system for beating the markets, subject to terms and conditions. It’s some software thatRead MoreLearn More
This is worth your next million
Lots of new traders are looking for a magic solution to make money. They come into trading as a sort of flirtation – to seeRead MoreLearn More
Sterling causes excitement
Those who were watching Pound Sterling, would have seen some excitement recently. The Prime Minister, Theresa May, called a snap election on 8th June 2017.Read MoreLearn More
Mission Impossible – early notice.
What if there was a way to take money out of the markets (legally of course) without having to figure anything?! That must be theRead MoreLearn More
Nerves of steel – like Formula 1 racing.
Many new traders are unaware that they actually need nerves of steel. Some will argue that ‘nerves’ are not part of the equation – ifRead MoreLearn More
The more I look around the net on trading courses, the more I come to think that there is a big scam going on. SomeRead MoreLearn More
Tools – not fools!
The tools referred to here are ‘physical’ things – as against ‘psychological’. This is about some of the stuff that could be of use inRead MoreLearn More
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F E A T U R E D
There is much confusion out there about what bonds are. I’ve seen so-called experts get it wrong, and then mislead people. The recent importance of the ‘bond market’ has come about as there is talk about an ‘inverted yield curve’. Not much will be said about that. In this post I focus on the basics. The concepts here may require careful time studying what’s going on. This post has been revised on 2019-12-01 due toRead More
Today I met a chap who is a failed trader. This was a rare opportunity. I had known him for about 3 months just from the odd conversation here and there. I knew that he had an interest in ‘stock markets’ and had some knowledge about CFDs. But it was strange how we ended up talking about his deeper interests in a kitchen! The important part of this conversation was that he regularly bought shares.Read More
A new trader (who will remain anonymous) has contacted us to ask for some help. I’ll deal with each point, as it is of value to other new traders but largely for my own reflection. This is what we do, and we do this stuff for free and no obligation – ever! Note that I (or we) am/are as brutal as the markets will be. I (or we) am/are not here to encourage or facilitateRead More
Several times over the last year, I’ve had conversations with others about finding new or different ways of making money. Invariably the limitation of time availability comes up i.e. time to learn new skills, gain new knowledge etc. Some of those people were interested in learning about investing or trading (which are different concepts) – but just can’t find the time. Some thought they needed to go on a course or some special training –Read More
The news has been out from August 2018 that the European Securities and Management Agency (ESMA) has compelled all brokers (subject to its jurisdiction) to reveal their statistics on the percentages of losing trader accounts. See informative article headed, “ESMA Regulations Reveal: Where CFDs Traders Lose the Most“. The reported percentage of losing accounts ranged between 63.7% and 86%, with an average of 76.3%. Previous estimates of 90% of losing accounts weren’t that far off the mark.Read More
In the last few months we’ve received inquiries from several about Bitcoin and various similar things, often referred to as cryptocurrencies. In essence many of these folk are the ones who missed out on making millions by not buying a few Bitcoin when it was dirt cheap. Now, they don’t want to make the same mistake so are looking around for a second chance. You can’t blame them of course – if the missed opportunityRead More
On Tradingview I’ve put up a Vlog about this which is embedded below. I say what I see. I’m focusing on the form of movements of the US30 compared with the correction on the parabolic Bitcoin. The evidence is there, which I think everybody can see. Just to be clear nothing in this post is a prediction or recommendation. See our SYP disclaimer. The following vlog is downloadable or viewable in larger format on Tradingview.Read More
If you’re reading this looking just for the best course to attend, you may be disappointed. I go deeper than the simple issue of ‘which courses‘ or ‘what course is best’. Introduction I’m sharing a summary of my experiences over the last 4 years, so that others can see something more about ‘courses’ – and what courses can never give you. I am nobody known or big in the trading world. I do not offerRead More
This is about looking at candles or price and the mind noticing that price is going in a particular direction. So a trader comes to think naturally that ‘it’s going south’ or ‘it’s going north’. Taking a position on this sort of observation often turns out to be wrong. All that matters is where the visible trend is going. Why? Because price may move south in a trend heading north. The bias created by observationRead More
Whilst volatility is necessary in trading there are issues with extreme volatility that traders need to consider. The clickable chart below shows one example of extreme volatility with Copper (CUUUSD). The size of a reasonable stop-loss which is related strongly to account size, is a limiting factor. If your account is say £2000 how much of a hit can you take in one trade like this? Not much. You’d be depending on luck to jumpRead More